How much might popular currencies be worth in 2020?

How much might popular currencies be worth in 2020?

When people think of a cryptocurrency, the first thought that flits through their heads is “How much is it worth?”. More specifically they think “How much is it now worth?”. That’s a perfectly good question to ask, given how rapidly the price of cryptocurrency fluctuates.

For anyone who wishes to invest in digital currency, and for those who have already invested in it and are holding their eyes in anticipation of the profits, the prospect of great returns in a relatively short period of time is extremely attractive. To give you some sense of how much things can change over time, when bitcoins first price was recorded, it was worth about half a dollar. It has grown many thousand folds, now valued at $6000.

That’s all well and good. But can we actually predict what Bitcoins, Litecoins, Ethereum, Money Trade Coin and doge might be worth a few year’s from now, let’s say in 2020?

Yes, it’s possible to make a rough estimate. But to do that, we’ll have to look at what factors influence cryptocurrency fluctuation and the trends over the years.

We’ll take bitcoin for our examples, as it’s the most established cryptocurrency. Since it’s appearance in 2009, the trend of its value has doggedly been moving upward. 2013, in particular, was a landmark year for bitcoin because the world caught onto its possibilities and an unprecedented number of investors joined the cryptocurrency craze. The value of bitcoin then shot up even more.

But there’s one difference between the speculation in traditional investing and speculative investing in cryptocurrency. As banks print more and more money, the value of it decreases over time. With cryptocurrency, however, there are a finite number of coins that can be mined. This means an eventual cap will be hit, and in order for the system to function properly, each unit will over time become worth more and more i.e. each unit of the fixed number of cryptocurrency increases in value. Precisely the opposite of printed money.

So the aforementioned points give cryptocurrency some safety from devaluation. Now, what particular value might they be worth in 2020?

In 2015, it jumped from $215 to over $300. In 2016, it went to $800, fell down and jumped to over a $1000 at the start of the next year. Generally, bitcoin’s value sees fluctuation like this, making it difficult to predict what it might actually be worth. However, if the average 35% gain it has been working under continues, it's plausible that it could be valued at $10,000 in 2020.

But it could be a few thousand dollars lower or possibly even higher. Through the behavior of bitcoin investors and past growth, it seems likely that bitcoins will be worth many thousands of dollars, as well its fellow currencies Litecoin, Ethereum, Money Trade Coin and Doge. Though each of those has their characteristics that may make them succeed better. It’ll be Money Trade Coin’s responsibility to make sure you’re informed about it.

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